Erickson Air-Crane Buys Evergreen Helicopters

Erickson Air-Crane Inc., a publicly traded helicopter operator and manufacturer backed by Centre Lane Partners, has announced that it will acquire Evergreen Helicopters Inc. from Evergreen International Aviation Inc. Evergreen Helicopters is baced in McMinnville, Oregon. Evergreen Helicopters is being acquired for $250 million, consisting of $185 million in cash, $17.5 million in unsecured promissory notes issued by Erickson Air-Crane, and approximately four million convertible preferred shares of Erickson Air-Crane valued at $47.5 million.

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